Glottis IPO
GMP, Subscription, Price, Dates & Financial Details
Logistics
Glottis Limited – Company ProfileIncorporated in June 2024, Glottis Limited is a logistics solutions company offering comprehensive multimodal transportation services through ocean, air, and road logistics. The company delivers end-to-end supply chain solutions across diverse industries, ensuring…
Open Date
Mon, 29 Sep 2025
Close Date
Wed, 01 Oct 2025
Price Band
₹ 120 – 129
Lot Size
114
Issue Size
₹ 307.00 Cr
Minimum Investment
₹ 14,706 (114 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Glottis IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹307.00 Crore, comprising a fresh issue of 1.24 Crore equity shares aggregating to ₹160.00 Crore and an offer for sale (OFS) of 1.14 Crore equity shares aggregating to ₹147.00 Crore by the existing shareholders.
The Glottis IPO remained open for subscription from September 29, 2025, to October 01, 2025. The basis of allotment was finalized on October 03, 2025, and the company's shares were listed on the NSE and BSE on October 07, 2025.
The company had fixed the price band at ₹120 to ₹129 per share, with a lot size of 114 shares. Retail investors were required to make a minimum investment of ₹14,706 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Pantomath Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Glottis Ltd is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Glottis IPO Timeline (Tentative)
- IPO Open Date
- Mon, 29 Sep 25
- IPO Close Date
- Wed, 01 Oct 25
- Basis of Allotment
- Fri, 03 Oct 25
- Initiation of Refunds
- Mon, 06 Oct 25
- Credit of Shares to Demat
- Mon, 06 Oct 25
- Listing Date
- Tue, 07 Oct 25 — NSE & BSE
Open Date
29 September 2025
Close Date
01 October 2025
Basis Of Allotment
03 October 2025
Listing Date
07 October 2025
IPO Subscription
Check Live Subscription →The Glottis IPO has received bids for 4,12,93,878 shares against 2,01,23,929 shares offered, resulting in an overall subscription of 2.05x. the NII category is subscribed 2.97x, Retail Investors 1.42x, and QIBs 1.87x. Within the NII category, BNII is subscribed 3.63x, while SNII is subscribed 1.64x.
QIB
1.87x
NII
2.97x
BNII
3.63x
SNII
1.64x
RII
1.42x
Total
2.05x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 98,91,587 shares, representing 49.15% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 28,13,652 shares (13.98%), while Non-Institutional Investors (NIIs) receive 74,18,690 shares (36.87%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 2,813,652 | 13.98% |
| Non-Institutional | 7,418,690 | 36.87% |
| BNII | 4,945,794 | 24.58% |
| SNII | 2,472,896 | 12.29% |
| Retail Investors | 9,891,587 | 49.15% |
| Total | 20,123,929 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 156.1 | 81.72 | 72.08 |
| Revenue | 942.55 | 499.39 | 478.77 |
| Profit After Tax | 56.14 | 30.96 | 22.44 |
| Net Worth | 98.53 | 42.35 | 11.52 |
| Reserve & Surplus | 82.53 | 41.35 | 10.52 |
| Total Borrowings | 22.14 | 8.08 | 30.61 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Glottis Ltd KPI Information
| Particular | KPI as of Mon | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 56.98 | 73.1 | 194.82 |
| ROCE % | 72.58 | 95.91 | 256.67 |
| Debt / Equity | 29 | 17 | 5 |
| RoNW % | 56.98 | 73.1 | 194.82 |
| Pat Margin % | 5.97 | 6.23 | 4.69 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Glottis Limited | 2 | 0.00 | 7.02 | 7.02 | 56.98 | 2.32 |
| Allcargo Logistics Ltd | 2 | 17.95 | 1.75 | 1.75 | 2.03 | 24.65 |
| Transport Corporation of India Ltd | 2 | 25.60 | 53.43 | 53.43 | 19.42 | 279.65 |
About Glottis Ltd
Glottis Limited – Company Profile
Incorporated in June 2024, Glottis Limited is a logistics solutions company offering comprehensive multimodal transportation services through ocean, air, and road logistics. The company delivers end-to-end supply chain solutions across diverse industries, ensuring efficient movement of goods across domestic and international regions.
Service Portfolio
- Ocean Freight Forwarding: Project cargo, full container loads (FCL), and other import/export services.
- Air Freight Forwarding: Import and export solutions through global airline partnerships.
- Road Transportation: Nationwide distribution with owned and partner fleets.
- Ancillary Services: Warehousing, storage, cargo handling, third-party logistics (3PL), and customs clearance.
Operational Highlights
- During Fiscal Year 2024, the company handled approximately 95,000 TEUs of import cargo via ocean freight.
- As of February 2025, Glottis Limited operates across India through 8 branch offices in New Delhi, Gandhidham, Kolkata, Mumbai, Tuticorin, Coimbatore, Bengaluru, and Cochin, with its registered and corporate offices in Chennai. This network covers major transportation hubs nationwide.
- The company has a strong global presence, exporting to Europe, North America, South America, Africa, the Middle East, and Asia.
Customer Base
- Served 1,246 customers across 119 countries in the six months ended September 2024.
- Served 1,662 customers across 100 countries in Fiscal 2024.
- Served 1,513 customers across 87 countries in Fiscal 2023.
- Served 1,476 customers across 85 countries in Fiscal 2022.
Global Network
As of January 10, 2025, Glottis Limited has built a robust ecosystem of long-standing relationships with:
- 171 overseas agents
- 98 shipping lines
- 52 transporters
- 43 customs house agents
- 22 airlines
- 20 consol agents
Fleet & Scalability
The company owns 17 commercial vehicles, supported by its extensive network of agents and partners. This infrastructure allows Glottis Limited to scale operations rapidly, meet rising demand, and capture large business opportunities in the global logistics market.
Glottis IPO Promoters
- Ramkumar Senthilvel
- Kuttappan Manikandan
Promoters Holding
Holding Pre Issue
98.98%
Holding Post Issue
74.23%
Glottis IPO Objective
The Company Glottis IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding capital expenditure requirements of our Company, towards purchase of commercial vehicles and containers
- General corporate purposes
Glottis Ltd Address / Contact Details
Glottis Ltd.
New No. 46, Old No. 311
1st Floor
Thambu Chetty Street
Chennai, Tamil Nadu, 600001
Phone: +91 444266 5587
Email: info@glottislogistics.in
Website: https://www.glottislogistics.in/
IPO Snapshot
Glottis IPO Lot Size
The Glottis IPO has a lot size of 114 shares. Retail investors require a minimum investment of ₹14,706 by applying for 1 lot (114 shares). The maximum application allowed for the retail category is 13 lots (1,482 shares), requiring an investment of ₹1,91,178.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 114 | 14,706.00 |
| Retail (Max) | 13 | 1,482 | 191,178.00 |
| S-HNI (Min) | 14 | 1,596 | 205,884.00 |
| S-HNI (Max) | 67 | 7,638 | 985,302.00 |
| B-HNI (Min) | 68 | 7,752 | 1,000,008.00 |
Issue Reservation
- QIB — 13.98%
- NII — 36.87%
- RII — 49.15%
Book Running Lead Managers
- Pantomath Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Glottis IPO?
Glottis IPO is a Book-building IPO with a total issue size of ₹307 crore. The Glottis IPO price band is ₹120 to 129 per share. The Glottis IPO subscription opens on Mon, Sep 29, 2025, and closes on Wed, Oct 1, 2025. The Glottis IPO will be listed on the NSE,BSE. KFin Technologies Limited is the registrar for the Glottis IPO.
When will the Glottis IPO open for subscription?
The Glottis IPO opens on Mon, Sep 29, 2025 and closes on Wed, Oct 1, 2025
What is Glottis IPO Price Band?
Glottis IPO Price Band is ₹120 to 129 per share.
What is Glottis IPO Lot Size?
Glottis IPO lot size is 114 shares, Retail investors need a minimum investment of ₹14706 based on the upper price band
What is the minimum investment for Glottis IPO?
The minimum investment for Glottis IPO is ₹14706, based on one lot of 114 shares at the upper price band of ₹129 per share.
How to apply for Glottis IPO?
Investors can apply for the Glottis IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Oct 1, 2025. The application amount remains blocked until the Glottis IPO allotment is finalized.
What is Glottis IPO Issue Size?
Glottis IPO issue size is ₹307 crores.
What is the Glottis IPO Allotment Date?
Glottis IPO allotment date is Fri, Oct 3, 2025.
Who is the Glottis IPO Registrar?
The registrar for Glottis IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Glottis IPO allotment status, refund processing, and other IPO-related information.
What is the Glottis IPO GMP?
The Glottis IPO GMP (Grey Market Premium) is ₹1 as of Fri, Oct 3, 2025. Based on the upper price band of ₹129 per share, the estimated Glottis IPO listing price is ₹130, indicating a potential listing gain of approximately 0.78% over the issue price.
Who is the Glottis IPO Lead Manager?
The book-running lead managers (BRLMs) for the Glottis IPO are Pantomath Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Glottis IPO Red Herring Prospectus (RHP).